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Article Date: February 2011
Word Count: 511

Details on Brown Shoe Acquisition of American Sporting Goods


At a conference call earlier today, Brown Shoe said the purchase price was $145 million in cash plus the assumption of about $6 million in debt. As reported yesterday, ASG had sales of $232 million last year, the majority of it in those three brands. EBITDA was $29.6 million. BWS said it expected the acquisition to be accretive by $0.10-12 per share in 2011. BWS said it would fund the transaction through borrowings on its revolver, which has been increased by $150 million to $530 million. Under terms of the revolver, Brown can increase the credit line by another $150 ... Log in to view full article.

 


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